An integrated financial platform for brokerage houses

An integrated financial platform for brokerage houses

BM&FBOVESPA developed the SINACOR+ platform as part of its ongoing efforts to provide market participants from the BM&F and BOVESPA segments with effective and efficient services. In order to adapt itself to each user s needs, the SINACOR+ platform consists of modules forming a fully integrated system which, in addition to treating data online, provides process automation, time rationalization and resource savings.

BACKGROUND With more than 20 years of operation, the SINACOR platform includes all the functionalities required by users to manage their trades in the BM&FBOVESPA environment, offering a product companies can stick with because it is fully integrated with their day-today activities. MAIN FEATURES OF THE SINACOR+ PLATFORM The SINACOR+ platform innovates by introducing the Service Oriented Architecture (SOA), thereby making it easier for the companies to integrate their modules, systems and processes. The main features of the SINACOR+ platform are: High availability and scalability Data export functionalities (Excel, PDF, XML, etc.) Real-time alert notifications Business logics and technological platforms (SMS, Blackberry, voice mail, etc.) Information security. Secure communication channel. Personalized authentication and authorization. Integration with AD, single sign-on tools and other user authentication platforms. Database encryption. Digital authentication for system-generated reports SINACOR customizations. Visual identity skins. Multi-languages. Local or database user profile configuration. Data grid grouping. Column ordering. Information grouping Access to the service layer via Software Development Kit (SDK)

MODULES The SINACOR+ modules are grouped under three support areas which allow the institutions operational processes to be segmented and structured based on their organizational structure. Trading Financial Administrative Operational processes The SINACOR+ platform is compatible with different sizes and features of institutions and its modules interrelate with the activities developed at each stage of their administrative processes. The modules relate automatically to both trading and clearing environments. Module integrations are also customized to the institutions systems. The SINACOR+ module integration occurs automatically by means of the parameterizations embedded in the platform. Trading Order control BM&F and BOVESPA segments This module is designed to control and treat orders to buy and sell securities, or their inherent rights, on all types of markets and under the conditions specified by the clients. It also combines other order executions, calculates client net amounts and issues order execution confirmations. In addition, it sends information to and receives information from the clearinghouse and other equities, derivatives and options market participants (BM&F and BOVESPA segments). Trading and Invoicing Invoicing BM&F and BOVESPA segments Securities lending invoicing Treasury department Financial Accounts payable Current accounts This module is designed to consolidate client transactions in the securities and OTC trading environment and generate their integration with the financial and accounting modules. It is designed to consolidate client activities resulting from contracts and orders sent to the securities lending system (BTC), creating their integration with the financial and accounting modules. This module is designed to provide both client and broker with cash settlements. This module is designed to control the schedule of a broker s frequent or non-frequent expenses, integrating itself with the treasury department and accounting modules. This module is designed to centralize all transactions that generate a credit or a debit to client current accounts.

Administrative Net amount calculation Quarterly financial information Custody This module is designed to calculate securities activities in client and proprietary portfolios on the equity market of the BOVESPA and BM&F segments spreadsheet for income tax calculation. This module is designed to allow SINACOR+ users to meet Central Bank provisions, which require them to fill out, process and forward the ITF (quarterly financial information) report no later than 45 days after the end of each quarter. This module is designed to physically control available and/ or blocked client positions on the markets. This control is analytically made by market and custody account, thereby monitoring available and estimated balances as well as forward contracts and securities lending. Participant registration Accounting This module is designed to control and identify clients, thereby determining the necessary features for each type of operation. It controls all legal and mandatory documentation pursuant to the Brazilian Securities and Exchange Commission (CVM) regulations. This module is designed to meet the Accounting Plan of Brazilian Financial System Institutions (COSIF) provisions, therefore integrating itself with the SINACOR+ platform modules and providing conciliation with the current account module. Administrative and trading Limit monitoring This module is designed to monitor and update client positions and transactions according to the last available price for each asset, comparing them with established limits. Furthermore, it calculates and presents a broker s operational limit utilization.

ARCHITECTURE The SINACOR+ platform s architecture offers implementation flexibility for easier adaptation to market changes. Its interface is designed to suit the working needs and styles of each user. The SINACOR+ platform also offers several forms of installation for the most diversified corporate environments regardless of whether they have a single server or multiple servers, ensuring safety, scalability and availability. Praça Antonio Prado, 48 01010-901 São Paulo, SP Rua XV de Novembro, 275 01013-001 São Paulo, SP +55-11-2565-4000 www.bmfbovespa.com.br